VC Fund Investments
Housing finance co Altum Credo raises $12-M from Amicus Capital, Aavishkaar, others
Pune-based Housing finance company Altum Credo has raised INR 88 crore (USD 12 million) in fresh equity funding led by Growth Capital investor Amicus Capital. Existing investors Aavishkaar Capital and PS Pai & family, also participated in the investment round. The company will use the proceeds to strengthen its technology platform and scale the business. Seven-year-old Altum Credo provides housing finance to economically weaker and low-income group categories. It has a network of 30 branches spread across Maharashtra, Telangana, Tamil Nadu, Karnataka, Rajasthan, and Andhra Pradesh.
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